I own stocks of a previous employer which is US-based. I did not explicitly disclose Foreign Assets in any of my previous year returns, as I was not aware of it and the CAs on Cleartax never informed me of it. I am filing taxes myself this year and while doing so, came across this requirement. I am including assets purchased last year in this tax-filing season. What can I now do to report previous foreign assets that I got as part of my previous company CTC in previous years? Can I report now? Or is the schedule FA only for the duration of 2023 only?
Note: 1.1. The vested RSUs given by the employer are mentioned under the nature of perquisites in Form 16. The tax is already paid for it and mentioned in Form 16 as well. The same info is reflected on the ASI website. 1.2. None of the v...
For US based company's employees which provide stocks - How do you file your income tax ?
I...
Warning: This is a lengthy post.
Filed some salaried ITRs during this tax period. Following are some of the common mistakes which can be avoided
I have worked in a startup which gave me ESOPs. I left the company and they have passed on to me my share of vested ESOPs in zenequity.
Do I need to mention this while filing ITR? Do I need to pay tax on it?
Hi,
Here's a quick summary for taxation of RSU's. This is for employees who get stocks of their parent companies listed abroad as part of their salary package.
The RSU are taxed after clubbing with the salary as a perquisite and therea...
